delusionofgrandeur

French President, Nicholas Sarkozy has suggested that the EU should impose a cap on the VAT added to fuel so that it remains proportionate to the price.

Both France and the United Kingdom have now seen protests at the price of road fuels which has increased as much as 30% in the last year. There have also been major protests by French fishermen due to the EU removal of their fuel subsidy which effectively saw fishing boats paying twice as much for fuel overnight.

This entry was posted on Tuesday, May 27th, 2008 at 2:38 pm and is filed under Automotive, Cars, Economy, Maritime, News.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.